TEHRAN, Mar. 14 (MNA) – Mehmet Ogutcu, Chairman of London Energy Club believes that while the USA, Saudi Arabia, and the Persian Gulf countries can work together in the coming period to influence the markets, Russia can team up with important OPEC producers such as Iran and Venezuela and assume the leadership of non-OPEC producers.

TEHRAN, Dec. 16 (MNA) – Iranian oil minister Bijan Namdar Zanganeh said on Monday that “with no doubt, one of the main reasons for the US to impose sanctions on Iranian and Venezuelan oil is supplying market for American shale.”

TEHRAN, Mar. 04 (MNA) – With implementation of new South Pars phases, Iran’s ethane output will double as the country will be able to rival US in producing the main feedstock for petrochemical industry.